When it comes to reforming financial regulation, President Obama could learn a thing or two from Australia.
ASIC
Bendigo and Adelaide should come clean on MIS
Bendigo and Adelaide Bank should fully disclose the entire exposure the bank has to the collapsed management investment scheme industry.
Short-selling ban comes up empty
ASIC announced this morning that it had lifted the ban on “covered” short selling.
Morning Market Report: ASIC remove the shortening ban on financials
ASIC have ended the shortening ban early, while the market and the Dow are down.
Former AFL star says ASIC failed him
Former AFL player Craig O’Brien, a victim of alleged fraudulent property and investment scams by preying ex-Gold Coaster Glenn Duker says he’s been financially ruined by the swindle.
The Pastor, his Ponzi scheme and a fleeced flock
The liquidator of a company that had been operated by a former Gold Coast pastor and solicitor as a form of Ponzi scheme is now intent on pursuing civil actions against the pastor and his family.
BrisConnections saga: where is ASIC?
One missing elephant in the BrisConnections room has been Australia’s corporate watch-dog, ASIC.
APRA turns the screws on finance sector executive pay
APRA has given a sneak preview of its coming review of executive pay.
April Fools’ joke sends Telstra shares skywards
Given ASIC’s mooted crackdown on rumour mongering, could Computerworld’s April Fools prank qualify for investigation?
Please explain: ASX flailing on market manipulation
The rorting of the market goes on, ignoring transparency and the self-regulatory guff from companies and ASIC, says Glenn Dyer.
ASIC prosecutes small fish; bigger fish swim free
ASIC yesterday announced that it is seeking civil claims against little-known biotech executive Dr Martin Soust, writes Adam Schwab.
ASIC takes a gander at CMC. That’s a comfort
It’s nice to see that the corporate watchpuppies from ASIC are taking time to discover more about the obscure areas of the Australian stockmarket.
Everybody loves a global financial crisis
In many sectors we have set up regulation to eventually fail, due either to lily-livered regulators or the failure of politicians to provide the requisite regulatory tools. It’s the Australian way, writes Bernard Keane.
Shorting ban causes bedlam as Macquarie recovers again
The remarkable decision by ASIC yesterday to ban all short-selling for 30 days caused a delay in the opening of trade this morning as investors scrambled to work out what it all meant, writes Stephen Mayne.
What’s next ASIC? Ban trading altogether?
We now have the second most restricted market in the world, writes Michael Pascoe.
ASIC ahead of the curve on fund privatisation conflicts
The plod? Ahead of the curve on disclosing management agreements? Stephen Mayne asks if wonders will never cease.
Another debenture company hits the wall – with ASIC on the job
Another little “secure” debenture company goes under with $63 million owed to 1,180 investors. It’s the tip of the iceberg. So where’s ASIC? asks Michael Pascoe.
ASIC should be investigated over Firepower
Sure, we now see Firepower for the rogues company it is, but where was ASIC when we needed it, asks Michael Pascoe.
ASIC should get tough on naked shorts
The US Securities and Exchange Commission has taken a tough stand on naked short selling. Why can’t ASIC do the same thing? asks Glenn Dyer.
Vaile of Arabia’s phone scam link
The company behind Mark Vaile’s “moonlighting” earlier this year on a trip to Dubai has been linked to telephone fraud banned by ASIC, writes Bernard Keane.
The Australian publishes the writer ASIC rejects
Morris Kaplan is a former investment broker, banned for life from giving investment advice by ASIC. But The Australian, which has been running his columns, didn’t realise. Crikey intern Nidhi Prakash reports.
Cameron case shows up DPP’s lack of accountability
After charging Wallace Cameron on 35 counts, ASIC handed carriage of the prosecution to the Commonwealth Director of Public Prosecutions. But Cameron escaped with a $16,000 fine. How? asks Adam Schwab.
Vizard II: Now Cameron makes a mockery of our Crown prosecutors
You’ve got to hand it to Wallace Cameron – he sure knows how to make our Crown prosecutors look like a bumbling bunch of keystone cops, writes Adam Schwab.
The next bubble is … oil
The oil price is now well over double what it was a year ago, writes Glenn Dyer.
D’Aloisio talks tough as corporate crooks stay out of jail
ASIC chairman Tony D’Aloisio likes to talk tough but ASIC is all mouth no trousers when it comes to crime busting, writes Stephen Mayne.
